Investors Challenge High Executive Pay as SEC Requires More Data

Companies face increasing pressure over excessive executive pay amid increasing levels of scrutiny from shareholders and a more robust disclosure rule from the Securities and Exchange Commission.

A record number of companies failed to receive majority support from shareholders for CEO pay during the most recent proxy season, according to a recent PwC report. And in the courts, a string of recent lawsuits demonstrate how disgruntled shareholders are airing their gripes over executive pay at companies including online real estate brokerage eXp and electric vehicle manufacturer Mullen Automotive.

Investor scrutiny is expected to ramp up next proxy season, lawyers ...